~ YOUR REALTOR

Monthly Archives: August 2010

Building efficiently is the agenda most builders follow, to ensure efficient usage of energy resources, keeping in mind the sustainability factor. While we create new worlds to live in, conscious effort is made to reduce its impact on plant and ecosystems.

Energy efficiency and renewable energy are now part of sustainable development, ‘Green Power’ impact the power generation of the building. While availability of power is a challenge for many countries, in India electrification percentage is 66%. There is a definite lacking in the demand and supply of electricity in the country; we as a society pay a higher price for power that we receive from the most conventional sources.

While there is power shortage in the country, the Central Electricity Regulatory Commission has recently directed power utilities to purchase 6% of green power. This highlights that green electricity in India is not readily available, but some businesses have turned to micro-power substitutes using technologies such as wind turbines, solar power, biomass conversion systems etc. which produce zero carbon.

The real estate sector can contribute considerably in this regard by including such technologies in the building and homes and commercial complexes. This may enhance the demand for such homes and complexes in future as they are compliant.

Micro-power can be the much needed catalyst for cultural change in consumer attitude towards sustainability, as has been witnessed in developed countries such as the US, UK, Japan and Australia. In India too there are signs of a growing consensus that a shift towards decentralized power production and tapping into our pool of renewable energy resources not only makes sense but is necessary if we are to become more energy efficient and less dependent on international energy suppliers and fossil fuels.